Consumer Confidence Rated High in Annual ABC News/Money Magazine Poll
The annual ABC News/Money magazine poll reported this week that almost three-fourths of Americans said the U.S. economy is strong, a mark just shy of a previously reported all-time high in confidence. In addition, almost 70 percent rated their personal finances as positive, and just over 50 percent reported that now was a good time to purchase goods.
The cause for the continuous rise in confidence in the 13-year-old poll is attributed to the 29-year-low unemployment figure at 4.2 percent, as well as low inflation and interest rates.
Economic worth is a factor, as the numbers indicate that those with higher than average incomes rate the economy better than low income earners.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.